More details to this question:
I cosign for a family member when they needed an apartment. At the end of the lease the tenant sign for another year but I did not sign and was not notified the lease was continue. The tenant move out in June and there are charges for late fees and damages. Am I responsible for these charges along with the tenant as I did not commit myself to the lease the following year. thank you
1 ANSWER
You say that you didn't sign up for any further obligation. If that is true, you have no further obligation. But many leases have a provision that says that a guarantor's obligation remains on any extension or modification of the lease, and that he/she waives the righrt to notice of any such extension or modification. If you read the loriginal aase that you co-signed carefully, I believe you will find that it provides for your continuing obligation under those circumstances.
Answered on Jun 17th, 2021 at 12:30 PM